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[FUNDING NEWS] Israel-Based Sensi.AI Secures $31 Million In Series B Funding

The company Sensi.AI, which created audio-based technology for senior care, has secured $31 million in Series B funding, the most of which came from equity and a small portion via secondary agreements

The company Sensi.AI, which created audio-based technology for senior care, has secured $31 million in Series B funding, the most of which came from equity and a small portion via secondary agreements.

The company claims that this round has raised its valuation, bringing its total financing to more than $53 million. Zeev Ventures and Insight Partners co-led the investment, with ongoing backing from Entrée Capital, Flint Capital, Jibe Ventures, and Secret Chord Ventures.

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With the help of Sensi.AI’s audio-based solution, elderly people can stay at home instead of being admitted to the hospital. Sensi.AI’s remarkable threefold year-over-year growth has been driven by the worsening elder care crisis, which is characterised by a severe carer shortage and growing care expenses.

The 2020-founded company has 70 workers and offices in Tel Aviv, Austin, Texas, and Palo Alto, California. The Israeli division has 40 employees and lost Yuval Halivni, Data Operations Group Lead, on October 9th while serving in the reserves.

Read also – Singapore Based Atome Raises Undisclosed Dept Funding

About Sensi.AI

Sensi.AI‘s audio platform is designed to detect and forecast care events while maintaining privacy, with the goal of revolutionising home care. It gives agencies vital information about senior health that they may use to create individualised care plans and prompt interventions, lower hospitalisation rates, strengthen caregiver-client bonds, and extend service hours to keep elders in their homes longer.

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